NFC Contactless Payment Market Expected To Reach $820 Million By 2013

The worldwide market for contactless technology in transportation ticketing and contactless payments grew more than 15% in 2007, as the technology made greater inroads into consumers' lives around the world, according to ABI Research. The market now stands at a value of more than $200 million but will reach more than $820 million by 2013, the research firm believes.

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